This time, the new price of the dollar is determined in the open market
MTNews24 Desk: Bangladesh Bank has determined the dollar price in the open market. From now on, money exchange houses can buy dollars at the rate of 115 taka 50 paise and sell dollars at a maximum price of taka 117.
In just one week, the price of the dollar rose to 127 taka in the open market. Bangladesh Bank on Tuesday decided the money exchange association to fix the price in the open market to pull down the price of the dollar.
The association and Bangladesh Bank will take punitive action against the money changer if the dollar is traded at a higher price than the fixed price. After the meeting with the governor of the central bank, the general secretary of the organization confirmed this information. Sheikh Helal Shikder.
According to the announcement of the banks, the price of the dollar for buying expatriate income is 110 taka 50 paisa. Along with this, there is a two and a half percent incentive from the government. Besides, some banks are giving two and a half percent incentives. As a result, the highest price of the dollar stands at 116 rupees.
Earlier on Thursday, Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers Bangladesh (ABB) requested Bangladesh Bank to properly implement the directives related to dollar. After that, Bangladesh Bank gave the responsibility of controlling the price of dollar in the open market to the Money Exchange Association.